Google buys stake in Chinese social Web site
Posted on August 21, 2007
I’ve just read on CNN.com that Google has acquired a stake in Chinese community Web site Tianya.cn.
What seems interesting is that percentages are subject of speculations .. from under 10 to as high as 60.
Cnn also reads that “Google is rushing to close the gap with rival Baidu.com Inc, which dominated the search market in China in the second quarter with a 58.1 percent share, according to research firm Analysys International. Baidu recently won approval to do its own reporting rather than simply show news search results, while Google is promoting a Chinese-language map search service and online word processing programs. Both are trying to build online library services.”
Now these library services interest me quite a bit. Is this developing in Europe too? Or is it just a move to win the largest market after United States?